What I was told by someone involved with commercial property in the area is that the original purchase was highly leveraged and it never really met its revenue targets. With interest rates rising, there is no choice but to sell so that the original lenders can get some of their money back. It will be hard to shift as the hospitality business will be really tough. My source said that the most likely buyer would be Fuller's who have the cash. It isn't ideal for them with the George IV across the road but if they wait it out they should be able to get it cheap.

Entire Thread

Topic	Date Posted	Posted By
Sale of The Crown	27/11/22 10:38:00	Robin Knight
Re:Sale of The Crown	27/11/22 12:59:00	Roger Talbot
Re:Re:Sale of The Crown	27/11/22 13:18:00	Jim Lawes
Re:Sale of The Crown	27/11/22 16:47:00	Susan Engel
Re:Re:Sale of The Crown	29/11/22 09:19:00	Jeremy Parkinson
Re:Re:Re:Sale of The Crown	29/11/22 09:32:00	Julian Pavey
Re:Re:Re:Re:Sale of The Crown	29/11/22 09:48:00	John Kennedy
Re:Re:Re:Re:Re:Sale of The Crown	29/11/22 09:54:00	Julian Pavey
Re:Re:Re:Re:Re:Re:Sale of The Crown	29/11/22 12:54:00	Denis I. Fox
Re:Re:Re:Re:Re:Re:Re:Sale of The Crown	29/11/22 14:56:00	Stewart Jones

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